Common use of Nondisclosure Covenant Clause in Contracts

Nondisclosure Covenant. During the term of his employment hereunder, Employee shall have access to confidential and/or proprietary information of the Company, including, but not limited to, books and records, financial information, personnel information, lists of existing or prospective clients and customers (and their special needs and requirements), market research, fee and pricing structures, intellectual property such as the "Covered Items" referred to in the Property Assignment Agreement of even date to which Employee, certain other parties and Sterling are parties (the "Property Assignment Agreement"), and other information (hereafter collectively called "Confidential Information"). Employee recognizes and acknowledges that such Confidential Information is a valuable, special and unique asset of the Company and that the Company's business is dependent on the same. To insure the continued secrecy of this Confidential Information, and in consideration of his employment or continued employment by the Company, Employee agrees and covenants, subject to the next succeeding sentence, that during the Original Term and any renewal term(s) of this Agreement and at all times following the termination of this Agreement and/or his employment (whether such termination occurs as a result of the expiration of the Original Term or any renewal term of this Agreement or by the election of either party) Employee will not, except as is reasonably believed by him to be in the best interest of or necessary to the conduct of the business of the Company:

Nondisclosure Covenant. During the term of his employment hereunder, Employee shall have access to confidential and/or proprietary information of the Company, including, but not limited to, books and records, financial information, personnel information, lists of existing or prospective clients and customers (and their special needs and requirements), market research, fee and pricing structures, intellectual property such as the "Covered Items" referred to in the Property Assignment Agreement of even date to which Employee, certain other parties and Sterling the Company are parties (the "Property Assignment Agreement"), and other information (hereafter collectively called "Confidential Information"). Employee recognizes and acknowledges that such Confidential Information is a valuable, special and unique asset of the Company and that the Company's business is dependent on the same. To insure the continued secrecy of this Confidential Information, and in consideration of his employment or continued employment by the Company, Employee agrees and covenants, subject to the next succeeding sentence, that during the Original Term and any renewal term(s) of this Agreement and at all times following the termination of this Agreement and/or his employment (whether such termination occurs as a result of the expiration of the Original Term or any renewal term of this Agreement or by the election of either party) Employee will not, except as is reasonably believed by him to be in the best interest of or necessary to the conduct of the business of the Company: